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Strategies & Market Trends : ahhaha's ahs

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To: ahhaha who wrote (1075)	2/16/2001 7:34:46 PM
From: JayPC	Read Replies (1) of 24758

Right now, I'm in very short term only (as it seems I am with most of my investments) on Canadian producers. Regarding Cypress Energy (CYZ.a), my pick that I posted here. It was halted today at 11.60, up $1.00... PrimeWest Energy Trust and Cypress Energy have entered into an agreement whereby PrimeWest will offer to purchase all of the issued and outstanding Class A and B common shares of Cypress. The offer will consist of cash of $14.00 per Cypress share up to a maximum of $60-million, or, at the option of the Cypress shareholder, 1.45 PrimeWest trust units or 1.45 exchangeable shares of a subsidiary of PrimeWest (subject to a maximum of 5.44 million exchangeable shares). PrimeWest will also assume all of Cypress's outstanding debt. The proposed transaction has a total enterprise value of approximately $790-million -- including the pending Ranchero Energy Inc. acquisition by Cypress -- consisting of $650-million in equity and $140-million in assumed net debt. Why are you negative on oil? Short and/or long term? Regards, Jay PS. GOU (NYSE) is next.

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